Murray Cod Australia (MCA) H2 2026 earnings summary

Executive summary

• Revenue increased by 24% year-over-year to $13.5 million for FY2026, but the company reported a net loss after tax of $5.37 million, reversing a prior year profit of $8.56 million.

• No dividend was paid or recommended for the year.

• The company completed a successful capital raise of $17.5 million in May 2026, improving cash reserves and reducing overdraft.

Financial highlights

• Revenue from ordinary activities rose to $13.5 million from $10.85 million year-over-year.

• Net loss after tax was $5.37 million, compared to a profit of $8.56 million in the previous year.

• Net tangible assets per share decreased to $0.51 from $0.97.

• Cash and cash equivalents increased to $4.14 million from $0.36 million.

• Total assets grew to $174.8 million from $163.0 million.

• Total liabilities decreased to $49.7 million from $55.8 million.

Outlook and guidance

• Initiatives are underway to further improve cash management following the capital raise.

• The company is focused on operational improvements at the Stanbridge site and managing increased costs.